Question
Hypotheses: Is the square footage in my region (West North Central) different from the square footage of the national average( 2,111)? The population parameter for
Hypotheses: Is the square footage in my region (West North Central) different from the square footage of the national average( 2,111)?
The population parameter for the West North Central square footage is:
Ho: u=1,952
H1: u>1,952
With a significance level= 0.05
Sample Size n: 500
Sample Mean: 1951.58725
Standard Deviation: 397.446279
Population Mean: 2,111
Standard Error: 17.7565902
I need to find the quartiles 1 and 3:
=QUARTILE
Then I need to summarize my sample data, describing the center, spread, and shape in comparison to the national information.
Note: For shape, think about the distribution: skewed or symmetric.
Check the assumptions by determining if the normal condition has been met. Determine if there are any other conditions that you should check and whether they have been met.
Note: Think about the central limit theorem and sampling methods.
Here is my descriptive stats and my histogram:
120 Frequency 100 80 60 40 20 0 [ 808 , 988 ] (988 , 1,168 ] (1,168 , 1,348 ] Sample Square Footage ( 1,348 , 1,528 ] ( 1,528 , 1,708 ] (1,708 , 1,888 ] ( 1,888 , 2,068 ] Bins (2,068 , 2,248 ] ( 2,248 , 2,428 ] ( 2,428 , 2,608 ] (2,608 , 2,788 ] (2,788, 2,968]Step by Step Solution
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